Devon Energy (NYSE:DVN) Stock Acquired Rep. Robert Bresnahan, Jr.

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Devon Energy Co. NYSE: DVN. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Devon Energy stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
• Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
• Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.

Devon Energy Stock Performance

Shares of DVN traded down $0.83 during trading hours on Thursday, hitting $33.13. The stock had a trading volume of 952,849 shares, compared to its average volume of 8,559,793. The firm has a market capitalization of $21.27 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 1.20 and a beta of 1.00. The firm has a 50-day moving average price of $32.54 and a 200 day moving average price of $34.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.04. Devon Energy Co. has a fifty-two week low of $25.89 and a fifty-two week high of $50.24.

Devon Energy (NYSE:DVN - Get Free Report) last released its earnings results on Tuesday, May 6th. The energy company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.06). Devon Energy had a return on equity of 22.52% and a net margin of 18.14%. The business had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period in the previous year, the company earned $1.16 EPS. Devon Energy's quarterly revenue was up 23.8% compared to the same quarter last year. As a group, research analysts anticipate that Devon Energy Co. will post 4.85 EPS for the current year.

Devon Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, June 13th. Devon Energy's dividend payout ratio is currently 21.87%.

Institutional Investors Weigh In On Devon Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of DVN. Banque Cantonale Vaudoise acquired a new position in shares of Devon Energy during the 1st quarter worth $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Devon Energy during the 1st quarter worth $26,000. Hurley Capital LLC acquired a new position in shares of Devon Energy during the 4th quarter worth $26,000. Rakuten Securities Inc. raised its stake in shares of Devon Energy by 94.6% during the 1st quarter. Rakuten Securities Inc. now owns 833 shares of the energy company's stock worth $31,000 after buying an additional 405 shares during the last quarter. Finally, Accredited Wealth Management LLC acquired a new position in shares of Devon Energy during the 4th quarter worth $28,000. Institutional investors and hedge funds own 69.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DVN. Williams Trading set a $50.00 price objective on shares of Devon Energy in a report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price objective on shares of Devon Energy from $48.00 to $42.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Mizuho decreased their target price on shares of Devon Energy from $46.00 to $43.00 and set an "outperform" rating on the stock in a research report on Tuesday. Morgan Stanley set a $47.00 target price on shares of Devon Energy and gave the company an "overweight" rating in a research report on Wednesday, March 26th. Finally, Scotiabank decreased their target price on shares of Devon Energy from $45.00 to $35.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $43.87.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Devon Energy

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.